The pathology does need for any physician, certainly, a doctor can not treat a patient properly if the cause of disease couldn’t find. A plumber has to know where the problem, a mechanic must understand well the car’s engine.
The national economy needs the professionals or experts to take care, actually, the top economic careers as treasurer, the finance minister, governor of reserve bank. Australian people learned the bloody lesson at least 6 years ruled by Labor’s government from 2007 to 2013, the national economy held in hand of Treasurer Wayne Swan and Finance Minister Penny Wong. Probably, both didn’t understand the economic basic lesson, so every time the Reserve Bank of Australia cut the interest rate, Wayne Swan, and Penny attributed the economic growth, indeed, it recessed. Nevertheless, Prime Minister Kevin Rudd and Julia Gillard recruited the cabinet based on the factions, not capacity, so both top essential economy and finance held in hand of the economic misunderstanding’s ministers. The consequence was $AUD 42 billion surpluses left by John Howard gone and the debt added up. $AUD 65 billion’s the taxpayers poured in the drain with NBN, $AUD 2.7 billion wasted the insulation scheme, this scheme ran by a rock star is Peter Garrett (4 people killed and a hundred houses fired that caused by China’s Pink batts)
Once again, Governor of Reserve Bank of Australia is Mr.Philip Lowe who seems to not recognize the economic situation after White House changed the leader. President Donald Trump adjusts the fair trade because, in the passage of time, almost the previous US presidents put the trade ties above the fair trade and China communist exploited the negligent policy to launch the global economic terror. China communist regime is rapacious, Chinese dream aims to colonize the counterparts or transforming the countries to be the economic vassals.
The war fighting against the global economic terrorism needs to protect the national economy and finance, actually the people’s living. The global economic terrorism is dangerous than the extremist because the economic terrorism could wipe out the national economy and China will use the economy to control the other countries, China dream means the global hegemony. In the war fighting against the terrorist, certainly, the extremist hates the US and allies. In the same circumstance, the den of thieves and the hub of global economic terrorism, the left media to label the trade war, it is not right. The war against the terrorist need army, police and intelligence, the war against the global economic terrorism needs the financial weapon and the fair tariffs.
Governor of RBA Philp Lowe seems to misunderstand the significations between the war against the global economic terrorism and trade war, or he dodges the failure of Reserve Bank of Australia made the terrible mistake in the Currency Swap Agreement with the People’s Bank of China. Two government’s monetary firms used Yuan and Australia dollar estimated $AUD 40 billion (200 billion Yuan). Nevertheless, IMF and European Union also mistook after accepted Yuan became the official currency as the US dollar and Euro. When the fair tariffs apply, the countries deeply linked to China’s economy and currency must be affected. They made the terrible mistake, not President Donald Trump does it. When the war against the global economic terrorism occurs, the countries deeply involved with the den of economic terror have to receive the damages, so Germany, France, Mexico and Canada couldn’t exempt the steel tariff and they react to retaliate.
The global economic problem doesn’t start after President Donald Trump’s era, but it has begun since the early 1990’s when the global economy downturned. From 2007 to 2008, the global financial crisis, it is considered a great recession. Economic cancer originated long term into the global economic body.
Australia’s RBA Governor Phip Lowe is an expert economist, he worked at Bank for International Settlements in Switzerland, certainly, he knows well the economic sector, the people don’t think he doesn’t understand the reason affected Australia economy, but he tries to escape the responsibility and covering up the mistake that causes Australia plunged with China’ communist current Yuan. Why doesn’t he confess the truth and find out the way to get out from China and Yuan?. Nowadays, Australia economy worsens, actually, a trillion debt is the real trouble. Moreover, China’s economy to be seized by the Intercontinental Ballistic TARIFFS Missile of the US, the den of global economic terrorism must damage and the nations linked to China have to pay the mistake.
Mr. Governor of RBA may realize the cause of the problem, it comes from China, not President Donald Trump who leads the world fighting against the global economic terrorism. The fresh solution is staying away from Yuan, its valuation will be lost and uncertain. Mr. Philip Lowe needs to change Yuan to the US dollar or Australia dollar as soon as possible. It is the economic rescue and later, Australia will find the other markets.
Recently, the Banking Royal Commission found the corruption of the most major banks in Australia as Commonwealth Bank (Government owned), Westpac, Anz, AMP…so Banking Royal Commission may review Reserve Bank of Australia, actually, the Currency Swap Agreement with the People’s Bank of China in 2012, who did it? Nevertheless, Vietnam currency Polymer’s corruption probe that has not investigated yet and the RBA involved.
When a pest control technician found the white ants, the property owner must fix the damages or use the pesticide, do not slam the pest control technician. The war against global economic terrorism causes from China, not President Donald Trump who finds the danger of China. Unfortunately, Reserve Bank Governor Philip Lowe attacks the US, he described” highly regrettable and bad policy”. Before slamming the US, Mr. Philip Lowe must review what did the RBA do?/.